XRP is the native digital asset of the XRP Ledger, a high-performance, open-source blockchain specifically engineered to optimize global financial transactions. Designed as a bridge currency, XRP enables near-instant and cost-effective transfers of value across borders, making it particularly useful for converting between different fiat currencies. With settlement times typically measured in seconds and minimal transaction fees, XRP offers a scalable solution for financial institutions and payment providers aiming to streamline international money transfers. While it is also traded by investors seeking capital gains, its core utility lies in revolutionizing cross-border payments by reducing reliance on traditional banking intermediaries.
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